Flex Space with Office
For Sale
$995,000
125 Basin Creek Rd, Butte, MT 59701
M1-zoned commercial building combines office areas, loading access, and open warehouse space for varied business operations.
Property Size12,800 SF
Price / SF$77.73
Days on Market39
Property Features for 125 Basin Creek Rd
General Information
Standard status
Active
Size
12,800 SF
Property subtype
Commercial
Building Details
Year Built
1972
Buildings
1
Building Size
12,800 SF
Listing Agency:
Uncommon Ground, LLC
(406) 459-0107
Listed By:
Sandra Kokoruda · License #RRE-BRO-LIC-38855
Source:
Westmontanahomes
Added: Jul 23
Changed: Aug 29
Last Checked: Aug 22 at 4:01AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Uncommon Ground, LLC
Investment Insights
Based on property information with market context.
This 12,800-square-foot flex property at 125 Basin Creek Road in Butte, Montana, combines a built-out office component with substantial warehouse area. The interior includes a reception area, private offices, conference room, restroom, dedicated workspace, and open space suited to storage, distribution, manufacturing, or contractor operations. Large overhead doors support loading, while on-site parking and a flexible configuration add practical functionality. Constructed in 1972, the building is offered separately from the adjacent rear lot package.
The property is zoned M1 and is currently leased under a Triple Net NNN structure through January 2027, with the tenant responsible for operating expenses. The offering includes the building only; the rear lot is not available separately until the building has sold.
The property is zoned M1 and is currently leased under a Triple Net NNN structure through January 2027, with the tenant responsible for operating expenses. The offering includes the building only; the rear lot is not available separately until the building has sold.
Key Highlights
- 12,800‑square‑foot flex building with office and warehouse components
- M1 zoning supports the property’s industrial commercial positioning
- Office layout includes reception, private offices, conference room, restroom, and dedicated workspace
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$77,660
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.81%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,553,200
$1.6M
Cap Rate 7%
$1,109,429
$1.1M
Cap Rate 9%
$862,889
$862.9K
Market Conditions
NOI Build-Up for 12,800 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$119.8K $9.36/SF
− Vacancy
−$8.9K −$0.69/SF
EGI
$110.9K $8.67/SF
− OpEx
−$33.3K −$2.60/SF
NOI
$77.7K $6.07/SF
Area
Silver Bow County, MT
Vacancy
7.40%
Lease Rate
$9.36 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,553,200
Cap Rate 7%
$1,109,429
Cap Rate 9%
$862,889
Alternative Uses
Best Use
Warehouse
$1.35M
$1.18M – $1.57M
NOI $94,301 @ 7.0% cap · market cap 9.48%
Second Best
Industrial
$1.11M
$970.8K – $1.29M
NOI $77,660 @ 7.0% cap · market cap 7.81%
Theoretical Best
Office A
$2.79M
$2.44M – $3.25M
NOI $195,275 @ 7.0% cap · market cap 19.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 59701, MT
33,937
Population
16,834
Households
2
Avg Household Size
42
Median Age
27%
College-Educated
94%
High-School Grad
509.7 sq mi
ZIP Area
67
Density / Sq Mi
$56,799
Median Household Income
$34,793
Median Earnings
$811
Median Rent
$219,200
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - M1-zoned commercial building combines office areas, loading access, and open warehouse space for varied business operations.
Where is this flex space located?
The property is located at 125 Basin Creek Rd Butte, MT.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: 12,800‑square‑foot flex building with office and warehouse components; M1 zoning supports the property’s industrial commercial positioning; Office layout includes reception, private offices, conference room, restroom, and dedicated workspace
